Nov 9 (Reuters) - J C Penney Company Inc :
* JCPENNEY RECEIVES COURT APPROVAL FOR ASSET PURCHASE AGREEMENT WITH BROOKFIELD, SIMON AND FIRST LIEN LENDERS
* J C PENNEY COMPANY INC- ON TRACK TO BEGIN OPERATING UNDER NEW OWNERSHIP AND OUTSIDE OF CHAPTER 11 BY LATE NOVEMBER 2020
* J C PENNEY COMPANY - OPCO TRANSACTION REMAINS SUBJECT TO ADDITIONAL CLOSING CONDITIONS AND IS EXPECTED TO CLOSE IN LATE NOVEMBER 2020
* J C PENNEY-BANKRUPTCY COURT APPROVED PREVIOUSLY ANNOUNCED ASSET PURCHASE AGREEMENT WITH BROOKFIELD, SIMON PROPERTY AND CO'S DIP AND FIRST LIEN LENDERS
* J C PENNEY-PURSUANT TO APA,BROOKFIELD & SIMON TO BUY SUBSTANTIALLY ALL OF CO'S RETAIL ,OPERATING ASSETS THROUGH COMBINATION OF CASH,NEW TERM LOAN DEBT